Foreign Currency Exchange Rate Notified

In exercise of the powers conferred by Section 14 of the Customs Act, 1962 (52 of 1962), and in supersession of the notification of the Central Board of Excise and Customs (CBEC) No.77/2016-CUSTOMS (N.T.), dated 19th May, 2016, except as respects things done or omitted to be done before such supersession, the Central Board of Excise and Customs (CBEC) hereby determines that the rate of exchange of conversion of each of the foreign currencies specified in column (2) of each ofSchedule I and Schedule II annexed hereto, into Indian currency or vice versa, shall, with effect from 3rd June, 2016, be the rate mentioned against it in the corresponding entry in column (3) thereof, for the purpose of the said section, relating to imported and export goods.

SCHEDULE-I

Sl.No.

Foreign Currency

Rate of exchange of one unit of foreign currency equivalent to Indian rupees

(1)

(2)

(3)

(a)

(b)

(For Imported Goods)

(For Export Goods)

1.

Australian Dollar

49.70

47.95

2.

Bahrain Dinar

185.25

172.90

3.

Canadian Dollar

52.45

50.75

4.

Danish Kroner

10.35

9.95

5.

EURO

76.85

74.30

6.

Hong Kong Dollar

8.80

8.55

7.

Kuwait Dinar

230.70

215.90

8.

New Zealand Dollar

46.95

45.15

9.

Norwegian Kroner

8.30

8.00

10.

Pound Sterling

98.90

95.75

11.

Singapore Dollar

49.85

48.30

12.

South African Rand

4.45

4.20

13.

Saudi Arabian Riyal

18.60

17.40

14.

Swedish Kroner

8.30

8.00

15.

Swiss Franc

69.55

67.10

16.

UAE Dirham

19.00

17.80

17.

US Dollar

68.30

66.60

18.

Chinese Yuan

10.45

10.10

SCHEDULE-II

Sl.No.

Foreign Currency

Rate of exchange of 100 units of foreign currency equivalent to Indian rupees

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